Tag Archives: Real Estate

The Changing Picture of European Economy

Business news from one of the largest continent like Europe is something, which attracts the attention of any nation’s economy and also the scholars of political science, to make a comparative analysis of topics concerning their subject. The top featured news from Europe include David Owen’s ( the chief European Economist) comment at Jefferies International to CNBC, that Euro Zone is turning Japanese, with even the demographics looking the same as Japan fifteen years ago. The European Central bank (ECB) and its board members are gathering in the Slovakian capital of Bratislava, and this meeting is expected to be remembered by everybody in times to come.

Euro

A collective howl of protests and despair is expected on the streets of Europe on 1st May 2013. Support from ECB has failed to stimulate small businesses and reach households in Euro zone, claims the analysts. Geoff Wilkinson says that, the European market recovery is at odds with fundamentals and highlights the performance of banking sector. Jim Cramer has started to wonder, if the events in Europe are likely to have an impact on US stocks. European share market on Tuesday closed at lower gains.

The most important news which shook the business industry was that Maserati dealers in Italy reported a drop of 80 percent in its production, due to which the economy of Europe had to undergo a huge loss. Apart from all the news mentioned above, if one wants to know more of business news; one can either go through the official websites of the news channels, which would give them all the comprehensive details of the news which they are looking for, or can get the same news from magazines and news papers.

Predictions of Agents and Homeowners in Real Estate Market Of 2013

The Real Estate business has flourished to a huge extent in the past few years and its making a huge interest worldwide. The agents are phenomenal at taking historical data and translating it for the determination of current market condition. The prognosis, predictions related to the Real Estate Market of 2013.

REAL ESTATE

According to the National Association of Home Builders, from January to February of this year, the housing starts rose to 2% though decreased from December 2012.The NAHB forecasted that 641,000 single families which is quite down from December, January and February numbers.

They even reported that the builder’s confidence is down with the depressing in narrow sections where there is a rise in cost for labor and building materials. Well the agents claim that 2014 will be blessed year of new housing construction, not 2013.

Regarding mortgaged inventory, the predictions is that it will fall in 2013 .The mortgaged inventories are threatened to a significant swing in housing market supply. 2013 will be a mixed bag.

The normal vacancy for homes is about 1.5% while it is down by 0.4 % from the 2012 fourth quarter .The normal amount of inventory is coming close not increasing rather falling. The prices are rising and are set to get hiked this year.

The home prices were expected to rise 3.3% annually through 2017. Though optimistically, Corelogic predicts home prices will hike to 6% this year.